Russell Investments Group Ltd. Has $10.16 Million Holdings in Gartner, Inc. (NYSE:IT)

Russell Investments Group Ltd. trimmed its holdings in shares of Gartner, Inc. (NYSE:IT) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,503 shares of the information technology services provider’s stock after selling 5,291 shares during the quarter. Russell Investments Group Ltd.’s holdings in Gartner were worth $10,162,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IT. Morgan Stanley increased its holdings in shares of Gartner by 4.6% during the 3rd quarter. Morgan Stanley now owns 2,157,075 shares of the information technology services provider’s stock valued at $741,193,000 after acquiring an additional 95,040 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Gartner by 30.3% during the third quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider’s stock valued at $537,766,000 after purchasing an additional 364,128 shares during the last quarter. Invesco Ltd. raised its position in shares of Gartner by 6.7% in the third quarter. Invesco Ltd. now owns 740,957 shares of the information technology services provider’s stock valued at $254,600,000 after purchasing an additional 46,425 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Gartner by 26.3% in the fourth quarter. Mackenzie Financial Corp now owns 629,969 shares of the information technology services provider’s stock worth $284,185,000 after buying an additional 131,222 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Gartner by 0.3% during the 3rd quarter. California Public Employees Retirement System now owns 463,706 shares of the information technology services provider’s stock worth $159,334,000 after buying an additional 1,401 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price for the company. BMO Capital Markets cut their price objective on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research report on Thursday. Morgan Stanley raised their target price on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Robert W. Baird reduced their price objective on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $474.50.

Gartner Trading Up 2.3 %

Gartner stock opened at $428.64 on Monday. Gartner, Inc. has a 12 month low of $295.43 and a 12 month high of $486.54. The stock has a market cap of $33.42 billion, a price-to-earnings ratio of 42.65, a price-to-earnings-growth ratio of 3.44 and a beta of 1.32. The business has a 50 day moving average price of $462.52 and a two-hundred day moving average price of $441.53. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.42.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the company posted $2.88 earnings per share. Gartner’s revenue was up 4.5% on a year-over-year basis. As a group, equities analysts forecast that Gartner, Inc. will post 11.55 EPS for the current year.

Insider Transactions at Gartner

In other Gartner news, EVP Valentin Sribar sold 682 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now owns 12,269 shares in the company, valued at $5,557,857. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Gartner news, EVP Valentin Sribar sold 682 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at $5,557,857. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the sale, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The disclosure for this sale can be found here. In the last three months, insiders sold 22,952 shares of company stock valued at $10,598,070. Company insiders own 3.60% of the company’s stock.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.